American Family Contracts with FAST for Policy Administration

FAST announced today that American Family Life Insurance Company has partnered, through its license of FAST Insurance Components, to support new business and policy administration for a new life insurance product.

“In assessing FAST and other life PAS offerings, we wanted the best combination of robust life insurance functionality and configurability. We selected FAST,” said Jim Maastricht, associate vice president at American Family. “We also put a huge value on having a flexible technical architecture, which will be critical to our success.”

“We’re very pleased that American Family has chosen the FAST PAS platform,” said Tom Famularo, Chief Executive Officer of FAST. “Based on everything we’ve seen, American Family is very forward-thinking and I believe they will see great benefits with the platform.”

“Increasingly, we see leading carriers investing in modern, configurable PAS platforms to enable innovation,” said Tom Benton, principal in the insurance practice at Novarica. “The companies like American Family that make the investments now should have a leg up on their competition in the future.”

About American Family

Based in Madison, Wis., American Family Insurance offers auto insurance, homeowners insurance, life insurance, business and farm/ranch insurance in 19 states. American Family insurance is the nation’s third-largest mutual property/casualty insurance company and ranks 373rd on the Fortune 500 list. Learn more at www.amfam.com

About FAST

FAST, which stands for "Flexible Architecture, Simplified Technology", is a privately-held company located in Edison, NJ founded by the former leaders of NaviSys. FAST focuses on solving the challenges our financial services and insurance clients face as they seek to modernize their systems environments or completely replace legacy systems. Visit: www.fasttechnology.com